Bitcoin Intraday: the upside prevails as long as 70050 is support
Jun 7, 2024 9:29 AM
the upside prevails as long as 70050 is support.
Our pivot point is at 70050.
Our preference: the upside prevails as long as 70050 is support.
Alternative scenario: the downside breakout of 70050 would call for 68800 and 68050.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 70996 and 70997).
Supports and resistances:
74840 **
74100 *
73350 **
72610
71050 last
70540
70050 **
68800 *
68050 **
Our preference: the upside prevails as long as 70050 is support.
Alternative scenario: the downside breakout of 70050 would call for 68800 and 68050.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 70996 and 70997).
Supports and resistances:
74840 **
74100 *
73350 **
72610
71050 last
70540
70050 **
68800 *
68050 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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